Dickmeyer Boyce Financial Management Inc. Invests $1.15 Million in American Electric Power Company, Inc. $AEP

Key Points

• Dickmeyer Boyce Financial Management bought a new position in American Electric Power during the first quarter, acquiring 8,769 shares valued at about $1.15 million.
• AEP reported stronger-than-expected quarterly results, with EPS of $1.64 versus estimates of $1.57 and revenue of $6.02 billion, up 10.2% year over year.
• The utility also announced a quarterly dividend of $0.95 per share, implying an annualized payout of $3.80 and a 2.8% yield; analysts currently view the stock as a Moderate Buy with an average target price of $141.71.

Dickmeyer Boyce Financial Management Inc. purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,769 shares of the company's stock, valued at approximately $1,149,000.

A number of other hedge funds also recently bought and sold shares of the business. Costello Asset Management INC boosted its holdings in shares of American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Activest Wealth Management increased its holdings in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company's stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock valued at $26,000 after purchasing an additional 219 shares during the last quarter. Optima Capital LLC purchased a new position in American Electric Power during the fourth quarter worth approximately $26,000. Finally, Union Savings Bank purchased a new position in American Electric Power during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $134.92 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The company has a 50 day moving average price of $131.49 and a 200 day moving average price of $129.18. The stock has a market capitalization of $73.41 billion, a P/E ratio of 19.81, a PEG ratio of 2.39 and a beta of 0.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the company earned $1.54 earnings per share. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is 55.80%.

Analyst Upgrades and Downgrades

AEP has been the subject of several analyst reports. BMO Capital Markets dropped their target price on American Electric Power from $141.00 to $139.00 and set a "market perform" rating for the company in a report on Wednesday. Barclays lifted their price target on American Electric Power from $136.00 to $138.00 and gave the stock an "equal weight" rating in a report on Monday, July 13th. Scotiabank boosted their price target on shares of American Electric Power from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of American Electric Power from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Finally, Jefferies Financial Group raised their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $141.71.

Key Stories Impacting American Electric Power

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: Analysts were reported as bullish on American Electric Power and other utilities, which can bolster sentiment for AEP as investors look for defensive, income-oriented names. Analysts Are Bullish on These Utilities Stocks: Atmos Energy (ATO), American Electric Power (AEP)
• Positive Sentiment: Coverage highlighting AEP as a defensive stock for stability may be attracting investors seeking lower-volatility names amid broader market uncertainty. Beyond the AI Trade: 3 Defensive Stocks Built for Stability (AEP)
• Neutral Sentiment: Wall Street expects year-over-year earnings growth when AEP reports next week, but Zacks noted the company may not have the ideal setup for an earnings beat, keeping expectations balanced. American Electric Power (AEP) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: The company is also widely expected to announce earnings on Thursday, which keeps attention focused on the upcoming report rather than on a new operational catalyst. American Electric Power (AEP) Projected to Announce Earnings on Thursday
• Negative Sentiment: BMO Capital Markets lowered its price target on AEP to $139 from $141, signaling slightly softer valuation expectations even while maintaining a market-perform view. American Electric Power had its price target lowered by BMO Capital Markets from $141.00 to $139.00
• Negative Sentiment: Recent articles questioning whether AEP is fully valued and suggesting the stock may be pricey despite its large capital plan could weigh on the shares. American Electric Power (AEP) Stock Could Be Pricey Despite Its $78b Capital Plan

American Electric Power Company Profile

American Electric Power NASDAQ: AEP is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.

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